Taxation in Serbia
   HOME

TheInfoList



Click Here for Items Related To - Taxation in Serbia
OR:
Taxation in Serbia on:   [Wikipedia]   [Google]   [Amazon]

Taxation in Serbia consists of the following; the standard corporate tax rate in
Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungar ...
is 15%, although some deductions might apply.Company Taxation Law
/ref> The standard
VAT A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the en ...
rate is 20% and the lower rate is 10%.VAT Law in Serbia
/ref> Income from dividends is a subject to a 15% tax.Personal Taxation Law
/ref> Serbia has tax treaties with most countries in, but few outside, Europe. The standard personal tax rate is 10%. If the individual earns more than 3 times average salary, an additional tax rate of 10% is applied. For a person earning six times the average salary, an additional 15% is applied on top of the previously described taxes. It must be clear that all the tax rates described are cumulatively applied, one on top of the other. Obligatory contributions for state funds by an employee (up to a certain amount) include: * 14% state pension fund * 5.15% state health fund * 0.75% unemployment insurance Obligatory contributions for state funds by an employer (also capped) include: * 12% state pension fund * 5.15% state health fund * 0.00% unemployment insurance The effective personal income tax rate is therefore somewhere in the range 20–41%.Working calculator
/ref>
Capital gains Capital gain is an economic concept defined as the profit earned on the sale of an asset which has increased in value over the holding period. An asset may include tangible property, a car, a business, or intangible property such as shares ...
are not subject to personal income tax.


References

{{Taxation in Europe Law of Serbia Economy of Serbia
Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungar ...